2913 Sage Street, Colorado Springs, CO

Name: 2913 Sage Street, For Sale in Colorado Springs - Zoocasa
Brand: MODUS Real Estate
SKU: 5480665
Price: 695000 USD

House

For Sale

Listed price in listed location currency (USD).

$695,000

000

MLS® 5480665

Overview

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes $2,540

Days Active 3

Lot Size 0.18 Acres

Approx. Age 1972

MLS® Number 5480665

Property Address: 2913 Sage Street, Colorado Springs, CO, 80907

Average square foot calculated using Size range provided by listing agent.

Description

MODUS Real Estate is pleased to present 2913 Sage St, a five unit multifamily property located in one of the more desirable fourplex pockets on the west side of Colorado Springs. The building consists of a studio, three one bed one bath units, and a three bed one bath unit, offering a diversified rent roll anchored by a premium three bedroom. This is a light value add opportunity where the major capital items have already been addressed. The roof is just two years old and was recently inspected. The boiler was replaced nine years ago, and the pump was replaced four years ago along with the expansion tank, auto fill valve, and air bleeder. All zone valves were replaced in the spring of 2026. A new hot water heater was installed in 2026, and the shower valves in apartment 3 were rebuilt. A new owner steps into a building where the expensive, unglamorous systems are already handled. In place rents reflect a blended 14 percent loss to lease, giving a new owner immediate mark to market upside across the units. Paired with a light interior renovation program and the implementation of a utility billback system, a buyer can capture meaningful year one upside without a lengthy repositioning runway. Situated on the west side close to a variety of retail options, 2913 Sage St combines strong fundamentals with a clear path to increased cash flow.

MLS® Number5480665

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1972

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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